Fed move offers relief to developers

The US Federal Reserve's decision last week to postpone the tapering of quantitative easing might offer psychological relief to some highly geared mainland developers, which have nearly US$8 billion in outstanding bonds due to mature from now to next year, but it is unlikely to spark a market turnaround.

via Business feed http://www.scmp.com/business/banking-finance/article/1315405/fed-move-offers-relief-developers